Wall Street brokerages predict that Green Dot Co. (NYSE:GDOT) will report sales of $230.18 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Green Dot’s earnings. The highest sales estimate is $235.40 million and the lowest is $226.60 million. Green Dot posted sales of $230.58 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.2%. The company is scheduled to report its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Green Dot will report full-year sales of $1.07 billion for the current fiscal year, with estimates ranging from $1.06 billion to $1.08 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.12 billion, with estimates ranging from $1.10 billion to $1.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Green Dot.

Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.33. The business had revenue of $278.33 million during the quarter, compared to the consensus estimate of $266.93 million. Green Dot had a return on equity of 16.77% and a net margin of 10.81%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share.

A number of research analysts have weighed in on the company. Deutsche Bank reduced their target price on Green Dot from $44.00 to $29.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Barclays set a $41.00 price target on Green Dot and gave the company a “buy” rating in a research report on Monday, August 12th. TheStreet downgraded shares of Green Dot from a “b-” rating to a “c+” rating in a report on Thursday, August 8th. SunTrust Banks restated a “buy” rating and issued a $50.00 price objective on shares of Green Dot in a research report on Thursday, August 8th. Finally, ValuEngine cut shares of Green Dot from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $51.42.

GDOT traded up $1.06 during trading on Friday, reaching $28.58. 794,391 shares of the company were exchanged, compared to its average volume of 792,776. Green Dot has a 12-month low of $24.19 and a 12-month high of $93.00. The company’s 50-day moving average is $35.31 and its two-hundred day moving average is $50.04. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 11.30 and a beta of 1.10.

In other Green Dot news, CRO Brett Narlinger sold 5,602 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $28.32, for a total value of $158,648.64. Following the transaction, the executive now directly owns 71,624 shares in the company, valued at approximately $2,028,391.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Atria Investments LLC purchased a new stake in Green Dot in the second quarter worth approximately $188,000. BlackRock Inc. grew its position in Green Dot by 6.4% during the second quarter. BlackRock Inc. now owns 6,140,997 shares of the financial services provider’s stock valued at $300,294,000 after acquiring an additional 370,866 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Green Dot by 38.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,346 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 371 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Green Dot during the second quarter valued at approximately $9,779,000. Finally, Toscafund Asset Management LLP raised its stake in shares of Green Dot by 139.8% during the second quarter. Toscafund Asset Management LLP now owns 371,675 shares of the financial services provider’s stock worth $18,416,000 after acquiring an additional 216,665 shares in the last quarter. 90.55% of the stock is owned by institutional investors and hedge funds.

About Green Dot

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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Earnings History and Estimates for Green Dot (NYSE:GDOT)

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